Best Crypto Stock Exchanges or Platforms in 2022
June 24, 2022 (Investorideas.com Newswire) Crypto stock exchanges are all the way popular among the growing financial population. Also, investing in bitcoin has fulfilled all that rage, but the question is how do an amateur start with it? Do you need bitcoin to invest or are there other ways to make an exchange? Or, you can simply transfer your funds from your bank to convert them to bitcoin, it all depends. These questions need appropriate answers, read along to know more.
You need to understand your preferences. In case you want to gain a high return with cryptocurrency, you can go for a crypto savings account. However, these accounts pay up to 12 percent but also come with few risks. Here is a list of the top 5 cryptocurrency exchanges or platforms that approve good bitcoin exchanges or are platforms allowing you to buy bitcoin along with other tokens. According to the experts, Coinbase is the best overall exchange, Binance is the best for trading, Uphold is the best for Altcoins, and Hodlnaut is the best to gain interest.
Coinbase
It is one of the most popular and among the best cryptocurrency exchanges as it gives you a chance to invest directly with US dollars. The platform allows you to purchase Ethereum, Bitcoin, and various other tokens and coins on the platform. Additionally, one can also count interest on USDT and can earn rewards in tokens by completing different activities.
When you open a new Coinbase profile, you acquire a $5 bonus in the form of bitcoins as soon as you make your first trade.
Pros
- Easy user interface
- Ensures trustworthiness and security
- An enhanced selection of coins and tokens to invest in
Cons
- If not using Coinbase pro, they charge high fees
- A bit slow in adopting new cryptocurrencies
- Private keys stored in the wallet cannot be used by the users
BlockFi
It is a crypto investment platform that permits an investor to give and earn interest on their holdings. One can also borrow against their holdings instead of selling away the tokens. Also, if you wish to hold your tokens, you can simply extract interest from them. While making a deposit of $25 and holding it for a while, you can earn up to a $250 bonus.
Pros
- No fees and commissions
- High-interest offerings on deposits
- US-based operations
Cons
- Doesn't facilitate many coins or tokens
- Restricted free withdrawals
Voyager
It is a popular crypto investing platform, and it was one of the earliest publicly traded exchanges. The platform is app-driven and provides a commission-free exchange. It supports almost every cryptocurrency, has engagement and solid support, and also delivers competitive interest rates on particular assets. Also, when you open an account in Voyager, you acquire $25 in the form of BTC after trading a BTC value of $100.
Pros
- An app-based interface that is super easy to use
- Offers solid interest rates
- The trading structure is completely commission-free
Cons
- Not available in New York
- The withdrawals are comparatively slow
Uphold
If you are looking for basic solutions to trade in multiple assets, Uphold is the best platform for you. You can open your account and start trading with multiple assets and forget about shifting back to cash. Assuming you are well-versed with crypto, you know a lot of tokens that work only in pairs, taking you back to BTC and ETH always. Unlike such a combination of pressure, in Uphold, you can trade with any assets. Plus, it is a platform that allows trading with DOGE, XRP, and many more.
Pros
- A variety of crypto tokens are available including stocks like XRP
- A transparent and simple pricing structure
- Supports both mobile apps and desktop
Cons
- Unlike other platforms, it is not so easy to use
- Some records of unsatisfactory customer service
Crypto.com
One of the largest and fastest expanding crypto exchanges in the market, Crypto.com is based in Hong Kong, yet offers hundreds of facilities for US customers. Currently, you can access over 90 coins or tokens worldwide with Crypto.com and if you are in the US, you can trade with 50 coins. Also, you gain solid rates based on crypto savings accounts.
Pros
- Supports a vast variety of tokens and coins
- Gives weekly interest on savings
- You can acquire a debit card that links to your account
Cons
- The platform is app-based and doesn't support desktop
- The fee structure is complicated
- Restricted customer support
Conclusion
Cryptocurrencies have lately become a hot investment and it is becoming mainstream adoption gradually. With more than 12,000 cryptocurrencies established in the market, the world has been pushed into the realm of investing in technology serving as a gateway between human society and the digital blockchain space. This has become a lucrative investing spirit in recent times, however, one must know the best stock exchanges to invest in.
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